Detail práce

The Effect of Local Policy on Local Parliamentary-Election Results

Autor: Mgr. Kateřina Vlčková
Rok: 2018 - zimní
Vedoucí: PhDr. Lenka Šťastná Ph.D.
Typ práce: Diplomová
Finance, finanční trhy a bankovnictví
Jazyk: Anglicky
Stránky: 69
Abstrakt: The thesis examines the relationship between the local policy and local parliamentary election
results in Czech municipalities of extended scope from 1997 to 2013. We study the election
cycle in subsidies and the impact of higher subsidies to the share of votes for the current ruling
party. Besides, we analyse the effect of higher spending to the share of votes for the mayor’s
incumbent party in parliamentary elections. We test specific expenditure subgroups,
such as transportation, education or leisure activities. We apply the system GMM to identify
the election cycle in subsidies, while we use 2SLS and instrumental variables to test the effect
of higher subsidies and higher spending prior to the elections. In general, municipalities obtain
higher subsidies per capita in electoral years. If the mayor is affiliated with the current ruling
party on the national level, the ruling party is rewarded for higher subsidies per capita in preelectoral
years by a higher share of votes in parliamentary elections. The mayor’s incumbent
party obtains a higher share of votes in parliamentary elections as well with higher capital
expenditures on education and environmental protection in the pre-electoral year.


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Patria Finance